A primary asset is defined as
A) Any financial security that is backed by the full faith and credit of the government
B) A long-term tangible item owned by a corporation and used as collateral for a bond issue
C) Any financial security that is traded on one or more of the security exchanges within Canada and issued by a Canadian corporation
D) A security issued by an individual with a maturity of one year or less
E) A security originally sold by a business or government to raise money that represents a claim on the issuer's asset

Question

Quizplus · Accepted Answer

A primary asset is a security originally sold by a corporation or government to raise funds, which represents a claim to the issuer's assets. This can include stocks, bonds, and other financial instruments. The other options do not accurately describe a primary asset.

A Primary Asset Is Defined as